Pierce County had 6,912 new listings in the month of September, a decrease of 10.92% from the previous month. Months of Inventory is currently at 4 months; industry analysts consider 4 to 6 months to be normal range. Average monthly sale prices increased $9,772 from August prices, a 2.55% increase for the month. Sale Prices since October 2013 have increased 10.15% for the year.
The housing market has been increasing in value over the past couple of years. The amount of distressed homes in the market has been decreasing and the economy seems to be stabilizing at the same time demand for homes is increasing. The 10 year chart below shows that over the years, during the fall and winter months prices decrease and then they increase again through the next summer.
The average sales price of $383,027 is still lower than the average sales price of $435,862 from June-July of 2007. 2007 recorded the highest prices in Washington State. Sales prices are still increasing year over year since the lowest prices of 2012. Data updated 10/1/2014 from the Northwest Multiple Listing Service (NWMLS).